Lithia’s Same-Store Customer-Pay Revenue Rose 7.2% In Q1

Lithia Motors’ service, body and parts revenue rose 11.1% to $317.40 million in the first quarter of 2019 primarily because of acquisitions, combined with more late-model units in operation.

Total same-store service, body and parts revenue increased 6.4%. Same-store customer-pay revenue was up 7.2%, while same-store warranty revenue grew 12.2%. Wholesale parts revenue was flat, and body shop revenue declined 2.0%.

Service, body and parts gross profit rose 15.2% to $159.50 million. On a same-store basis, it was up 10.5%, attributable to a mix shift toward higher-margin customer-pay work.

Medford, OR-based Lithia has 182 locations nationwide.